Chart Industries (NYSE:GTLS) Upgraded by Hsbc Global Res to Hold Rating

Key Points

• Chart Industries has been upgraded to a "hold" rating by HSBC Global Research, following similar adjustments from other firms.
• The stock has seen a price range between a one-year low of $101.60 and a high of $220.03, with an average price target currently at $202.00.
• Chart Industries reported earnings of $2.59 per share for the last quarter, falling slightly short of the consensus estimate of $2.62.

Chart Industries (NYSE:GTLS - Get Free Report) was upgraded by analysts at Hsbc Global Res to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on GTLS. Stifel Nicolaus decreased their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Morgan Stanley reduced their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Cowen lowered shares of Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Seaport Res Ptn lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $202.00.

Chart Industries Trading Down 0.0%

Shares of Chart Industries stock opened at $198.75 on Wednesday. The firm has a market capitalization of $8.93 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 0.78 and a beta of 1.68. The company has a current ratio of 1.55, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm's 50 day moving average is $162.50 and its 200 day moving average is $164.25. Chart Industries has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Equities research analysts forecast that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Institutional investors have recently modified their holdings of the company. Capital Analysts LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. lifted its position in shares of Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Brooklyn Investment Group lifted its position in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Chart Industries during the 1st quarter valued at $30,000.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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